Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
-2.18%
trims when stocks drop
when a holding falls −10%+
Middle response
-7.63%
baseline attrition
Rally response
+8.55%
adds into rallies
when a holding rises +10%+
Top positions · 29
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| INTCIntel Corporation | $3.84B | 33.6% | +94.3% | 0.8 yr |
| SYMSymbotic Inc. | $2.12B | 18.6% | +163.2% | 4.0 yr |
| TMUST-Mobile US, Inc. | $2.10B | 18.4% | -19.9% | 5.8 yr |
| TSMTaiwan Semiconductor Man | $671M | 5.9% | +105.6% | 1.3 yr |
| XXITwenty One Capital Inc | $570M | 5.0% | — | 0.5 yr |
| INTRInter & Co, Inc. | $482M | 4.2% | +47.1% | 4.0 yr |
| WBTNWEBTOON Entertainment In | $289M | 2.5% | +19.8% | 2.0 yr |
| NUNu Holdings Ltd. | $256M | 2.2% | +40.3% | 4.5 yr |
| TEMTempus AI, Inc. | $244M | 2.1% | -6.3% | 2.0 yr |
| — | $202M | 1.8% | — | 0.8 yr |
| VTEXVtex | $154M | 1.3% | -21.1% | 4.8 yr |
| QXOQXO, Inc. | $106M | 0.9% | +43.4% | 1.8 yr |
| CHYMChime Financial, Inc. Cl | $95M | 0.8% | — | 1.0 yr |
| RXRXRecursion Pharmaceutical | $42M | 0.4% | -42.0% | 1.5 yr |
| AFYAAfya Limited | $36M | 0.3% | -17.1% | 5.0 yr |
Portfolio composition (YoY)
Industry mix
Semiconductors39.5%+27.1pp$4.51B
Telecommunications Services18.6%-59.1pp$2.12B
Industrial - Machinery18.6%+15.8pp$2.12B
Banks - Regional5.1%+3.8pp$577M
Financial - Conglomerates5.0%$570M
Software - Application4.2%+2.5pp$474M
Banks - Diversified2.2%+1.5pp$256M
Medical - Healthcare Information Services2.1%+1.3pp$244M
Unknown2.0%+1.9pp$224M
Industrial - Distribution0.9%+0.7pp$106M
Country
US83.5%-12.4pp
BR6.8%+4.7pp
TW5.9%+4.8pp
Unknown2.0%+1.9pp
GB1.3%+0.7pp
CN0.3%+0.2pp
IL0.2%
CA0.0%
Top 5: 81.5% · Top 10: 94.4% · Top 25: 99.9%
Top buys this quarter · 1
| LIFE Ethos Technologies Inc.new | +$35M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $11.41B | 29 | +8.55% | +17.59% | -9.04% | -4.21B |
| 2025-12-31 | $15.47B | 32 | +22.41% | +17.72% | +4.69% | -9.14B |
| 2025-09-30 | $25.97B | 29 | +37.12% | +17.52% | +19.60% | -1.63B |
| 2025-06-30 | $24.94B | 27 | +35.23% | +14.94% | +20.29% | -5.11B |
| 2025-03-31 | $29.31B | 24 | +38.26% | +8.30% | +29.96% | +2.71B |
| 2024-12-31 | $23.37B | 22 | +22.76% | +24.89% | -2.13% | +0.07B |
| 2024-09-30 | $21.95B | 22 | +41.69% | +36.04% | +5.65% | +0.21B |
| 2024-06-30 | $19.91B | 21 | +26.86% | +24.49% | +2.37% | -0.07B |
| 2024-03-31 | $19.06B | 20 | +29.87% | +29.62% | +0.24% | +0.31B |
| 2023-12-31 | $18.54B | 20 | +32.69% | +26.18% | +6.52% | +7.42B |
| 2023-09-30 | $9.08B | 24 | +9.80% | +21.57% | -11.76% | +0.36B |
| 2023-06-30 | $8.92B | 25 | +14.34% | +19.42% | -5.08% | +0.59B |
| 2023-03-31 | $7.76B | 31 | +2.96% | -7.82% | +10.78% | +0.88B |
| 2022-12-31 | $6.66B | 25 | +1.37% | +7.56% | -6.19% | -0.18B |
| 2022-09-30 | $6.76B | 25 | +1.77% | -4.93% | +6.70% | -1.21B |
| 2022-06-30 | $7.83B | 29 | -3.37% | -16.11% | +12.74% | -1.82B |